New developments to share

[IskandarRocks]

Any idea how much psf for ledang heights land? was told Kl Setia eco side is selling at MYR 250-350psf

Heard recently around 125-130 psf range .......

 

[sgtsk]

Kuala Lumpur Properties for Sale - Good Rental Yields, Great Locations


Great infor. Thank you!

Those under 500k rm prop are for Malaysians only I suppose?

 

[OracleMasia]

anytime could be the best to buy.all depends on opportunities available & luck.as long as you are on the loo out,you may spot some gems.klcc property represents fair value now.as for iskandar scene,there may b desperate sale for high geared owners.who knows?make sure you are quick to act whne such opportunity knows on your door.

Not all KLCC is fair value. I believe those > 2000 sqfit are hard to see any real demand. It is just too big.

 

[OracleMasia]

Kuala Lumpur Properties for Sale - Good Rental Yields, Great Locations


Great infor. Thank you!

Those under 500k rm prop are for Malaysians only I suppose?

That's rite. It is just a general guide of what properties is selling for.

 

[1nottiboy]

Personally, I am a big fan of KL. The ppl there are nicer, speaks english, girls are hotter and food is sg's standard but cheaper. I was actually considering the St. Regis and W. But after much consideration- mainly distance and convenience, I still decided to buy into JB. It's just a short drive away and with all investment monies going in, I am sure the fine dining will one day catch up - probably sooner than we think.

From an investment angle, my money is still on JB, simply because it has Singapore as its neighbour and it is still cheaper than KL. And from my POV, if the Johor government bothers to up its investment in security, i.e. more police patrols, shooting criminals on sight, public hanging of burglars, etc, and assures residents and investors that it is safe in Johor, you can be sure that prime property prices in JB will continue to climb.

So if anyone here has access to Najib's or the Sultan's ear, kindly ask them on how they intend to beef up the police.

If for investment with 4 years horizon, my bet is for KL property in selective areas(rentable, smaller units preferred). If you notice KLCC secondary market prices does not really increase from 2007 due to current oversupply and overpriced in 2007(moderating now). You can get cashflow positive property if you search hard enough and then wait. Some of newer ones goes from 700+ psf.

Landed property is also good for the long run. But this one, you need the local knowledge and need to be highly selective. Looks for areas near easy highways. To rent at a higher yield, you will need to rent by rooms.

 

[Stevewish]

Setia new phase of clusters house indicative price @ 1.2M , 32x70

extract from StarOnline Monday February 25, 2013 Nusajaya earmarked for for S'Pore-M'sia high-speed rail station

"Nusajaya, spanning 9,712.45 ha, is a good location for the stop station as opposed to the existing JB Sentral KTM station here which is facing space constraints,'' said Ismail.

He said the Nusajaya terminal would be connected to Kempas Baru, which had been designated as an integrated public transportation hub for Iskandar Malaysia.

Ismail said it would have all modes of transportation connecting to different flagship development zones in Iskandar Malaysia, with taxis, rapid bus transits and intra-city commuter train services for commuters."

That's why Setia Tropika dare to ask for that kind of price as it is located in the kempas. I went there last week to look at the cluster houses, left a few lots out of 32 units. For semi-D which not launch yet and price is just indicative only, 8 international already been booked out of 14 units (left bumi lots)

 

[Dfiris]

Actually, its good to be vested in both Iskandar and KL. Its a matter of timing.

I am vested in both. You can check on my previous posts on why I say so

 

[Nusajaya]

Heard recently around 125-130 psf range .......

Hot from the oven!

Incidentally, I contacted Agent Jerry this morning looking for any choice plot at Ledang Heights. This is because I saw him posting 5 plots in Jan 2013. Unfortunately, all sold! According to Jerry, the sales over the last few days were simply crazy! Quoting Jerry "Asking price at RM 140 psf but ppl offer RM 150 psf!". He lost this sale yesterday because of someone out priced his customer despite he already collected the cheque at the asking price but 1 hour later. He said, collecting a cheque for the asking price no longer guarantees you acceptance. He also quoted another case, he has a buyer insisted of putting a cheque at the Guard House (for him to collect) to expedite the process eventhough he has not met him before! The buyer was afraid the seller change his mind.

I also asked for LF, he has 2 plots there asking for RM 160 psf take it or leave it! Jerry believes PM Lee visit last week has given Iskandar a real booster....

Good luck to all.

Cheers
N

 

[whoami]

Jerry believes PM Lee visit last week has given Iskandar a real booster....

Good luck to all.

Yup! Rowsley share was given a boost too.

Thumbs up!

 

[IskandarRocks]

Hot from the oven!

Incidentally, I contacted Agent Jerry this morning looking for any choice plot at Ledang Heights. This is because I saw him posting 5 plots in Jan 2013. Unfortunately, all sold! According to Jerry, the sales over the last few days were simply crazy! Quoting Jerry "Asking price at RM 140 psf but ppl offer RM 150 psf!". He lost this sale yesterday because of someone out priced his customer despite he already collected the cheque at the asking price but 1 hour later. He said, collecting a cheque for the asking price no longer guarantees you acceptance. He also quoted another case, he has a buyer insisted of putting a cheque at the Guard House (for him to collect) to expedite the process eventhough he has not met him before! The buyer was afraid the seller change his mind.

I also asked for LF, he has 2 plots there asking for RM 160 psf take it or leave it! Jerry believes PM Lee visit last week has given Iskandar a real booster....

Good luck to all.

Cheers
N

Thanks Nusajaya for correcting!

After seeing someone post a 3 year old photo of Puteri Harbour recently and comment on it, I thought I was fairly up to date. However, my month or so old information is completely outdated.

 

[shctaw]

It is cheap. Even RM200 is worth it as it is landed. (Cost of building on the land may be another RM1.5m.)

But the condo at RM1200 is crazy.

Hot from the oven!

Incidentally, I contacted Agent Jerry this morning looking for any choice plot at Ledang Heights. This is because I saw him posting 5 plots in Jan 2013. Unfortunately, all sold! According to Jerry, the sales over the last few days were simply crazy! Quoting Jerry "Asking price at RM 140 psf but ppl offer RM 150 psf!". He lost this sale yesterday because of someone out priced his customer despite he already collected the cheque at the asking price but 1 hour later. He said, collecting a cheque for the asking price no longer guarantees you acceptance. He also quoted another case, he has a buyer insisted of putting a cheque at the Guard House (for him to collect) to expedite the process eventhough he has not met him before! The buyer was afraid the seller change his mind.

I also asked for LF, he has 2 plots there asking for RM 160 psf take it or leave it! Jerry believes PM Lee visit last week has given Iskandar a real booster....

Good luck to all.

Cheers
N

 

[shctaw]

I use the picture to show ample land.
It is not to show the latest development.

I am comparing condo vs condo in different zone.

I think Zone A and B landed is still worth it.

Just to clarified. I am comparing condo. Nothing against landed.

We are grown up, just say directly. No one will feel offended. I am also learning while sharing.

PS: developer can jump ahead of investors and launch projects after projects to milk the market.

Singapore as the main group of buyers usually will buy from developers instead of owners. It will be very hard to unload unless you sell 10-20% below market price.

Thanks Nusajaya for correcting!

After seeing someone post a 3 year old photo of Puteri Harbour recently and comment on it, I thought I was fairly up to date. However, my month or so old information is completely outdated.

 

[tigerbear]

Hot from the oven!

Incidentally, I contacted Agent Jerry this morning looking for any choice plot at Ledang Heights. This is because I saw him posting 5 plots in Jan 2013. Unfortunately, all sold! According to Jerry, the sales over the last few days were simply crazy! Quoting Jerry "Asking price at RM 140 psf but ppl offer RM 150 psf!". He lost this sale yesterday because of someone out priced his customer despite he already collected the cheque at the asking price but 1 hour later. He said, collecting a cheque for the asking price no longer guarantees you acceptance. He also quoted another case, he has a buyer insisted of putting a cheque at the Guard House (for him to collect) to expedite the process eventhough he has not met him before! The buyer was afraid the seller change his mind.

I also asked for LF, he has 2 plots there asking for RM 160 psf take it or leave it! Jerry believes PM Lee visit last week has given Iskandar a real booster....

Good luck to all.

Cheers
N

OMG , are u serious? Is this sub sales or from developer? Seems MYR150psf for bungalow land consider cheap vs the rest? Thats like SGD60psf... I read somewhere capital land bought land at MYR265psf while the Chinese developer bought above MYR300 and KL bungalow land around MYR250-350...

 

[shctaw]

I have a "make up story" I wish to tell.

I ever met a Director of a Malaysia Developer firm. I ask him when is Iskandar form. He says around 2003. But it was delay so developers can buy up lands some as cheap as RM0.64cents/sq ft.

I ask again about the zoning. Where does the Zone end.

He told me the zone can stretch as far as people willing to buy.

Then the last question I ask is where to buy from A to E. he told me the answer is 2 alphabet.

I know him for 14 years. I use to be his banker.

Just a story. Do not think too much.

But have you ever as your developer where does the zone end?

Seriously I also do not like Zone A. I only like JB Sentral.

But if you want to be super safe in Malaysia. 4 alphabet. KLCC.

 

[IskandarRocks]

I use the picture to show ample land.
It is not to show the latest development.

I am comparing condo vs condo in different zone.

I think Zone A and B landed is still worth it.

Just to clarified. I am comparing condo. Nothing against landed.

We are grown up, just say directly. No one will feel offended. I am also learning while sharing.

PS: developer can jump ahead of investors and launch projects after projects to milk the market.

Singapore as the main group of buyers usually will buy from developers instead of owners. It will be very hard to unload unless you sell 10-20% below market price.

Hi shctaw, sorry about that. Sincere apologies if I offended you. I agree with you, I should be more direct. Will do, moving forward.

Cheers,
IR

 

[Nusajaya]

OMG , are u serious? Is this sub sales or from developer? Seems MYR150psf for bungalow land consider cheap vs the rest? Thats like SGD60psf... I read somewhere capital land bought land at MYR265psf while the Chinese developer bought above MYR300 and KL bungalow land around MYR250-350...

Subsale.

Agree with shctaw's earlier comment. I personally believe buying land at LH/LF is still cheap by any comparison. That's the reason I am still looking to buy. It's getting very very difficult. Those who are intending to buy, just be extremely careful because it is this type of situation which we tend to get carried away emotionally!

Cheers
N

 

[IskandarRocks]

Congratulation on your success in the past purchase.

At current price level, where will you buy?

Thanks for the good words and sorry for my arrogance on the post.

I am not actively looking at the moment and have not done a lot of research recently. Quite content with what I have and more importantly, out of bullets and perhaps more leveraged than what I should be.

In any case, if I were to buy at current prices, I would also look outside Zones A and B. Someone posted on this forum a few months back that the had bought landed units at IOI in Kulai. That area sounded very interesting to me. When I look at the map, it is very well connected by highways. Not too far from 2nd link, on the way to KL and most importantly, direct highway to the up and coming Desaru.

This is very close to JPO, which is going through an expansion. Genting seems to have big plans for this area. They have acres of plantations that is fast becoming prime land. I am quite sure they will better utilize this land. There is also a Mall and up and coming industrial area nearby. Lots of shop offices.

Last I checked, prices seemed to reasonable less than 1M for semi d and if I remember correctly, golf facing bungalows for 1.9M with a large plot of land. To be honest, I am not sure about rental potential, security, etc.

Maybe a long term bet, but worth looking into.

 

[Nusajaya]

My two cents worth on KL properties would be as follows:

- landed has gone up substantially over the last few years. I see it stabilizing there at best. There will be some areas which will still likely to strengthen but a little vague to pick unlike Nusajaya. If we cant see the real potential about Nusajaya, you can definitely forget about KL landed property.

- Condo/Apartment in KLCC vicinity is definitely worth monitoring with some good bargains to pick because the last couple of years of bullish run of landed didn't affect these properties at all. I believe we will be seeing the huge disparity of prices between landed vs very good quality Condos in super prime area such as KLCC very soon.

Cheers
N

 

[avelc]

IR - yup was at IOI Kulai last Friday. Have emailed you some details.

 

[gooddebt]

Hot from the oven!

Incidentally, I contacted Agent Jerry this morning looking for any choice plot at Ledang Heights. This is because I saw him posting 5 plots in Jan 2013. Unfortunately, all sold! According to Jerry, the sales over the last few days were simply crazy! Quoting Jerry "Asking price at RM 140 psf but ppl offer RM 150 psf!". He lost this sale yesterday because of someone out priced his customer despite he already collected the cheque at the asking price but 1 hour later. He said, collecting a cheque for the asking price no longer guarantees you acceptance. He also quoted another case, he has a buyer insisted of putting a cheque at the Guard House (for him to collect) to expedite the process eventhough he has not met him before! The buyer was afraid the seller change his mind.

I also asked for LF, he has 2 plots there asking for RM 160 psf take it or leave it! Jerry believes PM Lee visit last week has given Iskandar a real booster....

Good luck to all.

Cheers
N

Strange....I just saw iproperty selling land at ledang ht at 110 psf.